The Middle East gold consumption habits change
The uncertainty of the global economic outlook is changing the Middle East, consumer buying behavior of gold. Individuals to buy gold bullion and gold coins will increase, gold jewelry has been abandoned.
Middle East investors and other areas as people sought after gold bars and gold coins, to a certain extent, made up of traditional local retail demand downturn.
Dubai Multi Commodities Center (DMCC) of the Executive Chairman Ahmed Bin Sulayem said that in the context of the financial crisis, people's confidence has been battered in the stock market, investment gold is a matter of course.
Standard Chartered Bank (Standard Chartered Bank) branch in Dubai, said commodities analyst Sampth Muthu, the Middle East gold investment demand, mainly from individuals rather than funds and agencies.
Dubai Financial Services INTL Commodities DMCC CEO Jeffrey Rhodes said, "I think the entire Middle East region for gold investment demand is very strong."
Rhodes said, "Britain and the United States and other developed countries, investors prefer gold-related securities products, while the Middle East is still the most popular physical gold." Cultured pearls
According to data released by DMCC, Dubai's gold imports in the first half of this year compared with same period last year increased by 13% to 300 tons. DMCC's spokesman said the increase in imports due to investors to buy gold bullion and gold coins of the rising demand.
Middle East investors and other areas as people sought after gold bars and gold coins, to a certain extent, made up of traditional local retail demand downturn.
Dubai Multi Commodities Center (DMCC) of the Executive Chairman Ahmed Bin Sulayem said that in the context of the financial crisis, people's confidence has been battered in the stock market, investment gold is a matter of course.
Standard Chartered Bank (Standard Chartered Bank) branch in Dubai, said commodities analyst Sampth Muthu, the Middle East gold investment demand, mainly from individuals rather than funds and agencies.
Dubai Financial Services INTL Commodities DMCC CEO Jeffrey Rhodes said, "I think the entire Middle East region for gold investment demand is very strong."
Rhodes said, "Britain and the United States and other developed countries, investors prefer gold-related securities products, while the Middle East is still the most popular physical gold." Cultured pearls
According to data released by DMCC, Dubai's gold imports in the first half of this year compared with same period last year increased by 13% to 300 tons. DMCC's spokesman said the increase in imports due to investors to buy gold bullion and gold coins of the rising demand.